Fast forward until junior year of high school and I got a job doing an engineering internship at a prestigious national internship. I believe I made ~11-12 an hour @ 17. That summer I made about 7700, So now I’m entering HS with about 23-25k in cash. Now senior year starts and I get a raise to 13ish (woot woot). I work 32 hours a week because I’m really far ahead on my credits, and do night school and sports to allow me to work a ton. In that year I make around 13k. That puts me just under 40k going into the summer. By the end of the summer as I start undergrad in engineering I have 40-45k + 5-10k in assets between my car, and some other hard assets. 18 years old – NW ~ 45-55k.
Another problem that I see with Internet marketing in general is that ther are always too many bonuses attached to the product. I wonder if those bonuses are really better than the product itself? Imagine going into Wal-Mart and at the checkout line before you pay for your stuff, the casheer starts spouting off all of the bonuses and offers that you could get before you even purchased that product? Can you imagine how much time that would take? And all yo wanted to do was just purchase a bag of Oreos.
Yeah… HS was a busy time! School 730-230, sports 3-5, hw 7-12 M-F, Sunday hw 10-1am. I did that grades 9-11. Grade 12 I was ahead and worked a ton during the school year (32 hours a week) + sports + school. I actually didn’t do any community college courses, I did them at the state college that I attended. I was admitted as a HS student and the school district paid for everything – made it easier not having to worry about transfer credits.
It seems that people are slightly repelled from sales pages since the experience imposes a decision making at a speed not of their choosing i.e. they are aware of the funnel and quite frankly suspicious of being manipulated (this is where trust building kicks in, but sometimes just…). For that reason, using editing techniques and somewhat less obvious copywriting techniques can make a huge difference. Give the full disclosure that you are selling, sure, but make it so that the reader is in a different mindset. I for one like to make the sale page looking like any other article on the site. Magazine style articles, with pictures, opinions, personal experience, advice… When my style of expression and writing feels as dispersed through the article as it is through any other segment of my site, I know that the page would appeal more to visitors.
Amazon Associates – for pretty much anything sold on Amazon. If you have links to your books on your website (and you should do!), this is a good way to start with affiliate marketing and you will receive a little bit extra if people shop through your link, as well as a percentage of other products that people buy within a 24 hour period. You can use your existing Amazon account and then find your books, copy the special link and then use that on your site. You can also use a site like Booklinker.net or Books2Read.com to create one link that works for all stores and contains affiliate links.
As oil truly runs out, I believe economics will spur investment into alternative energy rather than politicians or environmentalists. As much as people may hate Big Oil, they are the ones best positioned to start the process. They will have the capital from record oil profits. They already have all the engineers and R&D on staff. Most of all, implementing gigantic capital projects has been their bread and butter. Sorry, this is probably more than you asked for.
Hands down I’d say the best thing you can do is research 1 primary keyword, craft an enticing article title that includes your keyword (though it doesn’t have to be an exact match), spend time writing your search engine snippets (SEO titles/meta descriptions), and by far the most important is making your content as VALUABLE as possible through videos, nice graphics, table of contents, bold/colors/styling, etc. Small things like keyword density barely matter.
Before we dive in and take a hard, close look I’d like to take this opportunity to share with you my personal experiences before joining this program. I have been an internet entrepreneur for years. I have studied with some of the greatest marketers online from Jonathan Mizell to Jon Thornhill and I have tried a number of different business models.
Is becoming a $100k+ earner in orchestras like SF symphony just as competitive as joining a major sports league? Maybe. It’s just that $100k+ symphony job openings are so rare that no one can really count on it. Orchestra is a very unique job and often general public don’t know how people got there. Of course not everyone value and want to support arts. But when those few $100k orchestra job salary disappear, the live symphony music we hear today will die.
Great post! I took a similar route only with Mining engineering. One thing I didn’t see mentioned is the aid available for these type of programs (less recently). When I started school companies would sponsor a full YEAR of tuition with the stipulation you graduate within the mining program, and you didn’t have to work for that company (scholarships booyah!!) These industries have a huge age gap with the majority of senior engineers retiring or recently retired. Can you say desperate? While I do still work for the man, at least I get to play with huge machines and blow s*** up!
Instead, most school districts operate on salary schedules that offer lane changes (read: more money) based on graduate education hours. After accepting a much smaller salary, the idea of spending more money seemed downright dumb. But again, I was thinking long term. I wanted to get as far over on the salary schedule as fast as I could, and that meant more school.
By another measure - the number of square feet per person in the home - the average home in the United States has more than 700 square feet per person, 50% - 100% more than in other high-income countries (though this indicator may be regarded as an accident of geography, climate and social preference, both within the USA and beyond it) but this metric indicates even those in the lowest income percentiles enjoy more living space than the middle classes in most European nations. Similarly ownership levels of 'gadgets' and access to amenities are exceptionally high compared to many other countries.
Someone does not have to lose for someone to win. That is called gambling. An example; let’s say you go to a bank to borrow money to start a bakery. You bake a lot of cakes for a lot of weddings. Your customer wins because you baked an awesome cake for there wedding, you win because you got there money, and the bank wins because they got there money back with interest. Also, the bakery bought flower for the cake so there supplier wins, the supplier bought it from the distribution center who wins, the distribution center bought from the manufacturer who wins, the manufacturer bought from the farmer who wins. Everyone wins. Even the government who collected taxes on every step above won.
We’ve compiled the following list of jobs to illustrate some of the most popular careers that offer high income opportunities without a college degree. Keep in mind that just because someone can make $100,000 each year at these jobs does not mean it’s guaranteed. These careers offer the possibility of generating a high income, especially when the careers include a salary, bonuses, commissions, overtime pay, and most importantly, hard work.
Most of them are common sense but you do need to be aware of things like disclosing that you are an affiliate for that product, and that it needs to be clear and early on in the post. You have to be very transparent about it. I mention it in a big clear “NOTE” at the top of any post that contains affiliate links, as well as again down the bottom in a disclaimer.
I’m SO glad to now have this post I can bookmark, and have a perfect project I can actually put into action against this post. It’s great to learn from people who are ahead in the game, for those of us who aren’t as knowledgeable can look for advice and resources online and find a LOT of bad information – but knowing the source of this post and such a respected website you know you won’t go far wrong in putting this into action!
Capitalist class (1%) Top-level executives, high-rung politicians, heirs. Ivy League education common. Upper class (1%) Top-level executives, celebrities, heirs; income of $500,000+ common. Ivy league education common. The super-rich (0.9%) Multi-millionaires whose incomes commonly exceed $350,000; includes celebrities and powerful executives/politicians. Ivy League education common.
Is it possible to be financially saavy while still having an eye to a larger picture? i.e. How the choice of career or industry can affect the planet and our descendants? What good is it to have a six figure income if, in it’s application, the planet is not habitable for our grandchildren, or the purchase and consumption results in a feudal state of massive inequality? Have you noticed there is only one winner in a game of Monopoly, the rest are left bereft.
There are plenty of different avenues you can take to breach that magical six figure mark. Doctors and lawyers routinely make multiple six figures. Longshoremen (dockworker) average $120,000 a year as we discovered during the Oakland longshoremen strike in 2001. After 20 years at the Federal government, police force, and fire department, the majority of workers all make $100,000+. Not only that, their capitalized pensions are worth millions!
First, thanks to Glen who took the time to give me some feedback on an article/sales page which I created last summer and had problems ranking with. This was around December 2012 I think. Anyway, Panda and Penguin have done most of the job since then (as Ramsay said- make great content and it will be rewarded eventually) and I can now proudly say that this month I made 500$ from that page only 🙂 (created another one for a similar product too)
The problem with affiliate marketing, like many other home business options, are the so-called gurus and get-rich-quick programs that suggest affiliate marketing can be done fast and with little effort. Odds are you've read claims of affiliate marketing programs that say you can make hundreds of thousands of dollars a month doing almost nothing ("Three clicks to rich!"). Or, they suggest you can set up your affiliate site, and then forget it, except to check your bank deposits.
My conversion rate went from 2.5% to 8% just by including Facebook polls where SiteGround was rated #1 (here’s last year’s poll) plus Twitter screenshots and Facebook conversations. Whether it’s Amazon reviews or social proof, you NEED to include outside opinions. You can also use WP Rich Snippets to allow people to leave a review about the product/service on your site and get those review stars in Google (you will want to use their front end submit add-on).
Hello I just stumbled across your blog. A bit of back ground. I garudated with a degree in accounting in 2008. I got a job at a small firm, but got fired 3months in. I tried my best but I wasn’t getting it and no one was helping me learn. I went back to school did a year of sciences and tried to come back to accounting. I didn’t get another job till 2011 and got fired 11 months in. I learned and applied myself but I also felt I just wasn’t wanted despite my best effort. Tried to get back into it to get my CPA but could not find a job. I found many recruiters to be rude and condescending. A bit more info on me I was a bit of a hot head in college and took shit from no one. I managed to make a lot of enemies very few friends. I feel this is another reason I can’t get work in my home town I just have a bad reputation, and my resume does not look good. I am now almost 30. I want to support my family but and I feel I need to go back and find a useful skill to do so. I was thinking about doing a two year engineering diploma in the energy field; doing IT + accounting; or going into nursing. Any advice would be very much appreciated. Thank you for hearing me out.
Learning and reading and trying things is fundamental to success. Anyone can do anything if they truly put their mind to it. This is not a get rich quick scheme, this is an idea board and an educational blog for people to explore, learn and try innovative ways to make money and retire early. It does take money to make money, but driving Uber for a couple of months until you have $3,000 to either invest or apply towards your startup won’t kill you. Yes, you may work 60+ hours for a short time, but it’s a short term time investment to a long term monetary payoff.
The top programs for petroleum engineering are offered by public universities, notably The University of Texas at Austin, Texas A&M, Louisiana State University, and Colorado School of Mines. Much of the value of a PE degree comes from being able to obtain the best education on the market from public schools like these rather than obscenely priced private schools.
On the other hand: the main reason of bankruptcy for small businesses is bad financial management. Simply said: to forget to make invoices, not checking the payments and not following bad payers. 1 out of 3 is going bankrupt for this reason alone. I had to learn it myself. I spend at least 10% of my time with financial stuff. I don’t love it but the bills get payed ;-)
\naverage salary is a pretty generic term and does not tell you how the number is computed. Usually, but not always, it would be the sum of the salaries divided by the number of salaries. This is known as the mean.\n. \nThe median salary is the "middle" value. That is to say, if you listed all the salaries from lowest to highest, the median would be right in the middle. \n. \nA more precise statistical definition might say it is the value that separates the higher half of a sample or a probability distribution from the lower half.\n. \nWhen you say average, the might indicate the mean salary, but we don't know for sure. The mean is what I described in the first paragraph.
In recent years, college tuition costs, which have been growing faster than the rate of inflation for more than two decades, have slowed a bit. According to the College Board’s annual Trends in College Pricing report from 2014, the average cost of in-state tuition and fees at a four-year public university increased by 2.9 percent between the 2013-2014 school year and the 2014-2015 school year to $9,139. The past two school years were the first since 1974-1975 in which increases were less than 3 percent (not adjusted for inflation). That doesn’t mean college is cheap.
Interesting article and dialogue. I went to a lower end UC, and graduated in Political Science, a major which doesnt pay right away. I instead got into direct sales for a cable company and made 130k my first year out of college by selling cable door to door. I made even more the second year. Been there for fooir years now – earning 100k-150k but dont see it going mucb higher. Not sure what to do to hit that next level. Toying with the idea of going ack for my MBA to take that next leap of faith but its hard to leave my income and incure a 100k debt for a goood business school. I agree, being motivated, working hard, being positive, not being a hard partier- but a hRd worker has helped me reach that sox figure mark. Thanks for the article.
I wouldn’t say 500k+ is typical for physicians in the U.S. It depends a lot on specialty of practice. I married a physician who specialized in family medicine, which is primary care. Her prospects upon leaving residency are more between the 200k-300k range. I’m sure it could be more in other geographic regions. I know one family medicine physician who started his own clinic, grew it, hired other health care providers, and makes about 750k. I don’t think that is typical — he just works his behind off. My wife isn’t willing to live her life that far out of balance. She wants quality time at home as well. Surgeons probably earn the most, and I know getting into an anesthesiology residency is highly competitive. Anyway, to sum up my point in a brief way (too late!), there is a broad range of physician income highly dependent on specialty of practice.
Interesting post. I made about 110k at age 25 working less than 40 hrs and about 4 weeks off. It was my first gig and a non engineering degree. I graduated with a Masters and now make much more simply because i work more hrs. Im in the healthcare field. Job is tolerable and hrs are flexible with a high level of freedom and flexibility. My path was different from most as i fell into the profession, rather than having a concrete plan. I am blessed I suppose. I have a friend who gruduated with a Chemical Engineering degree and has not worked in the field since graduating from a reputable Uni about 4 yrs ago. Last we spoke, he was working night shift at Dunkin Donuts. He tells me he cant find any work in the field. Whats up with that? He is in NYC.
Love this story! I finished college in 3 years back in the 80’s because of AP/community college credits and stayed another year to finish my Master’s degree (which was required in my state for professional certification). And I swam fast and got money to help each year. I also got my entire doctorate paid for which was awesome! Not an engineer though – a teacher, but still got me to FI earlier than many!
Hey financial smaurai I have a question, I just turn 18 and I’m gonna be a senior this year in high school, my grades was mediocre and my job sucks, I am a host of a restaurant making 10$/hour and only working 15-20 hour per week. I always wanted to be big in life and my passion is animals. I want to work in the field of zoology like maybe marine biology wil I be able to make 100k in that work field
Summary: 7 Figure Franchise is basically just a resell right, with some decent training on traffic generation, for you to leverage Michael Cheney's sales funnel and promote his products. Yes, it's possible for you to make money but you're not building a business for yourself. It's more about helping Michael to build his business which can be taken away from you anytime. (Remember, it's just a franchise!)